Sunday, October 3, 2010

Silver Investing - Higher Premiums For Silver Eagles

Premiums for Silver American Eagles are higher due to a recent announcement by the U.S. Mint that they are raising their wholesale pricing above spot to all authorized dealers from $1.50 to $2.00. This news has already had an effect on dealer pricing as prices for Silver Eagles have jumped over $0.50/oz industry wide. How this will affect the premiums for generic silver rounds has yet to be determined. If investors favor silver rounds to Silver Eagles, you can expect the premiums to rise for them also.

Current numbers for American Silver Eagles from the U.S.Mint are as follows: September total stands at 1,880,000. They have already posted 325,000 Silver Eagles for October (one day) which brings the year-to-date total at 25,805,500. This is turning out to be a record year for these popular silver bullion coins. The total for all of 2009 was 28,766,500 and we still have three months to go.

Happy investing.

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